• Sam Bankman-Fried’s defense team and prosecutors have agreed upon revised bail terms for the disgraced CEO.
• The revised terms include a cell phone with no internet connection, a laptop with monitoring software, and restricted access to his family home.
• The modified bail terms are subject to approval from Judge Lewis Kaplan, who may revoke SBF’s house arrest if he is found to have violated the conditions.
Modified Bail Terms Agreed Upon for Sam Bankman-Fried
The defense team of Sam Bankman-Fried and court prosecutors assigned to his case have reached an agreement on modified bail terms for the disgraced crypto tycoon. The new bail conditions are subject to approval by Judge Lewis Kaplan, who has warned that violations could result in SBF’s house arrest being revoked and him being sent to jail.
Phone With No Internet Access
As part of the modified bail terms, SBF will be allowed to use a cellphone with no internet connection. This phone would allow him to make calls and communicate through SMS only. All other communication devices are prohibited while he awaits trial in the criminal case filed against him by the U.S Department of Justice.
Laptop With Monitoring Software
In addition, Bankman-Fried will also be given access to a laptop with restricted use; this will enable him to only view pre-approved websites. Furthermore, the laptop will contain monitoring software which will track any activities conducted by SBF on it and provide reasonable suspicion in order for it to be searched if necessary.
Family Home Restrictions
Sam Bankman-Fried is still allowed remain at his family home in Palo Alto, California under certain conditions imposed on his parents such as not allowing him access their personal devices or bringing unauthorized devices into the residence. These conditions must be accepted before he can stay at his family home during trial proceedings.
Consequences of Violations
Last month after finding out that SBF had contacted former employees possibly attempting influence their testimony, Judge Kaplan warned that such actions could lead him revoking SBF’s house arrest and sending him jail instead if there is reasonable suspicion of any violations taking place against these modified bail terms being agreed upon by both parties involved in this case against Sam Bankman- Fried
